 鲜花( 0)  鸡蛋( 0)
|
--------------------------------------------------------------------------------
1 p" d* t, S4 l" l/ m @Below is an Interesting article I found, which says that.....Do not 2 t: h J' ~# v& t1 B
expect much from Crude Oil producers and future is not with the
# i) x/ ]/ e) V2 e" |companies producing Jet fuels but Biofuels. Also no wonder if some of
8 Y; L) @# f; g2 K+ w+ [these oil producer will go bankrupt or out of the business even if / F% K5 p1 `, e
crude prices improves. This implies also to good names such as Shell, : Q$ ~4 J4 E$ e! y
EXXON, BG, BP, Cheveron ....xyz.. oils 6 S& {: P- l* l* k
/ a# o g0 B& l# N) z: j4 s
Recently OPEC reduced crude oil production twice over just a few : ?3 @8 I5 H: a$ V' `# R
months. There are three wars going on in Gaza, Iraq and Afghandistan. 0 h! A0 F; P$ g- N! B' u; U
A year ago these things would have spiked the price of crude oil by at
7 J6 Q0 g6 d9 ~0 k& ^0 v9 d( Kleast $50.00 per barrel. Today, oil price declined by a record amount. 8 ^8 x( N* s. O- A4 e
7 Z1 a G% \/ h8 H1 X* V6 d4 }
2 k4 p! E5 i1 l% Z) IThere are several reasons the price of oil is decreasing in the face . N& d, V5 f/ S+ B8 A) B% F
of so much news. These reasons are: 1 p4 y# r! R% i; e
2 y& m1 A; b1 H: G! s$ M3 \5 q% s8 u) s( R& `5 \
1. New oil has been found in Canada, Montana, North & South Dakota and " j! R. k0 T/ l5 \$ N/ L
in the ocean near Brazil. Each of these oil fields has more oil than % i0 d- o4 M4 f! k2 ]
Arabia. 8 U; U& ~2 G( ^
- h1 X% b! v, c
+ I/ S" |2 C" g3 g# ]( K% j9 D2. New natural gas has been found in Pennsylvania and West Virginia. 1 [' U& s2 M1 s2 {7 K% U9 |
This is the largest find in North America. , e% ?3 L) V& _ O4 h
' b; Q ?! _$ t' W/ m A3 c) u6 |, u4 b
3. New methods of injecting CO2 and surfactants into oil wells is
1 c1 k9 [$ @+ \2 hbeing used to double their output.
9 {% {& q( C2 |4 \ ^
7 C1 ^1 p4 n$ {. ]5 X7 y P
3 f X+ k4 a" Z* V4 a2 Q' c4. Production of bio-fuels is beginning to reach critical mass. Bio / Y* {$ t+ Y: `& f6 C
fuel is being produced from many plants and algae. The production
5 e' [ a1 i+ l, N8 { upotential per acre in some cases is astounding. Many countries are
! V7 A* `1 `" u8 t$ [& Aracing to produce bio fuels. : u% k/ V, ?3 C
8 [5 L# C- n- ]( U# }7 W3 G$ k; t, x* t# B
5. Virtually every restaurant in the US and all food processing plants ! ]% D# K# D @- g: h+ g
are now selling their used oil to bio-diesel producers. Every pork,
! p3 Q/ p& G9 Z* S/ L0 ]; [3 Tcattle, turkey and chicken processing plant will soon sell their fat 7 _+ s5 o: ]' g1 W4 l
to bio-diesel producers. One pork processing plant in Oklahoma is
6 r# Z" y) n% O, n @producing 30,000 gallons of bio-diesel per day from pork fat.
, x: {. H, D' U$ z" W- g q& \. h% x; v
7 v9 x C) K T' m; h: G1 n9 J
6. There are 99 nuclear reactors in various stages of planning and
: z: r* g. Y" F8 S F$ ]construction around the world at this time. Several hundred more are + [( i! L% A$ A ^+ i. d7 Q
expected to be built in the future. Much of the energy they produce ' s. F# u% G0 P6 H/ d7 P; p
will replace oil.
- Z- E# W1 k. W. O* k2 O% W# x7 Z7 N+ r- F3 D$ {
, q: K% F: x, P1 I u. p9 G& b7. Every company in any form of transportaion business is replacing 2 L, O1 y% O6 W* R, p$ d5 A4 S
older equipment such as trucks, airplanes, train engines, ships, etc. ; |% C! Q# o% X, q7 u1 X
with new more fuel efficient equipment. Airlines and railway companies 4 c4 L- c, _% Y9 y+ a$ Y1 O2 F# R0 w
are experiencing 20% to 25% better fuel econony with the new 3 a; A8 t4 \. O8 _' I/ m- s7 T
equipment.
. v1 o. Y: q5 B: J1 K: w
9 R% e- V8 d% J
4 F7 s. S( p/ h* g/ O$ v3 D7 eAirlines are flying airplanes with bio-fuel. They are finding the bio-
: ?8 Q+ {2 C b0 D$ i: h# Kfuel is cleaner and performs better than jet fuel. $ T: E M* v* U; m0 M$ y
; Z# ]: [. R6 {5 |5 \. @
: \' l# {. j2 ]* y; }" f% K8. Cities and counties throughout the US are selling the rights to & o6 l- |: P! d& ~
capture methane gas from landfills. This is a huge source of gas
3 `* ~* Q1 o5 eavailable at very little cost or risk. The gas is displacing crude
' H9 ^ F% X1 Zoil. - G! ^( h" V! K3 @ n4 f0 B
* Z9 B- f/ y; h; D9 c3 Y- p- e4 B7 \6 A& L/ X& H
9. Coal is being transformed into a clean burning liquid fuel. The CO2
: e8 P% B) {/ I1 g5 G, k3 Gproduced as a byproduct is sold to oil companies for injection into
5 a+ v/ V( {2 u& Hoil wells.
. l- V- [* X: ?4 s% ]% }% H
* ^- p$ h6 I, s e L
& |9 t9 E8 y- l) s; m' o/ ?* G' H10. Solar, wind and ocean energy is displacing oil as an energy
5 p' k) P, D% x- Z# ?6 W* B2 ]source. Three new wind turbines are being erected every day in the US.
% p: D1 {; q7 w. n$ |, m; F+ ^; G- e4 F) X( h; V7 O5 U' q" g
- S, ~8 ^& X+ [* a: i0 b; Z
Each of the above by itself will not make a large difference in the 9 u8 Q* Q2 o- O9 e. G$ p& E3 g* U& G
price of crude oil but the sum of all of them together is world 4 \+ b1 t6 f+ G; l2 [/ |# Q
changing. The important thing is that OPEC no longer has the ability " X$ |, \* ?- P* Y
to control oil prices. 9 l# Q5 h7 z5 O3 ~5 @5 Y$ {8 n9 ?
- V! l- d# L8 c" C1 {- R+ c; _' T# s4 z* A F$ A `1 {, G" c
With the above scenario, I still believe that there are under
3 K# Q, m3 X. e9 Iperformed OIL companies and probably they are yet to get the justified
|' |5 s* F# B$ L" A- a2 [9 N- Tvalue ..... . ]0 K% {' x2 ^3 F
IAE- Ithaca , EPL Energy Partners Ltd, Opti etc ...
+ f4 \/ {6 _2 u7 \- u# d1 A- B, k2 d) X& C2 g2 T
& D4 g5 F5 C, ]9 x
The above articles are from WSJ .............PUBLISHED ON 9TH JAN
* h) P( z. O5 S4 c4 a2009 ... FYI-Only |
|